Income elasticity of inferior goods
Negative income elasticities of demand entail those goods are: (1) luxuries. (2) necessities. (3) inferior. (4) substitutes. (5) expensive. Can anybody suggest me the proper explanation for given problem regarding Economics generally?
Negative income elasticities of demand entail those goods are: (1) luxuries. (2) necessities. (3) inferior. (4) substitutes. (5) expensive.
Can anybody suggest me the proper explanation for given problem regarding Economics generally?
For a particular product how do the determinants of demand affect the price?
An asset’s associate “liquidity” is inversely measured through the: (w) transaction costs in dealing within the asset as a proportion of the market price of the asset. (x) time it takes to convert this to cash. (y) “backing&rdq
NOT between characteristics of a purely competitive industry would be as: (w) large numbers of potential buyers and sellers. (x) long-run freedom of entry and exit. (y) modern technology that dictates large firms. (z) buyers have no influence on price
Can someone help me in finding out the most precise answer from the given options. The error of commission would be: (1) Student forgets to study for the test. (2) The decision not to make a product which another company later generates successfully. (3) The company s
The summation of monopolistic exploitation across all the workers tends to raise however a firm as well operates at a more socially and economically proficient level of output and employment whenever the firm is capable to engage in: (m) Blacklisting in its dealings t
Industries which would be classified as oligopolistic comprise: (w) public utilities. (x) postal service. (y) breakfast cereal. (z) retailing. Hello guys I want your advice. Please recommend some views for above
Can someone help me in finding out the right answer from the given options. In the marginality, profit-maximizing model of firm, a firm which can’t wage discriminate maximizes profit if labor is hired at a point where: (1) Price = MFC. (2) MRP = VMP. (3) MRP = M
The strategy most probable to outcome the maximum wages and employment and the greatest economic clout for all the workers over long run would be for the union to: (1) Restrict entry to a specific occupation. (2) Boycott non-unionized firms which compete with the unio
If, throughout a period while video iPods are gaining popularity, the technology to create them enhances, in that case demand: (w) and supply would both decrease. (x) and supply would both increase. (y) increases when supply decreases. (z) decreases when supply
What is Marketability. Write some points for it.
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